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Heuristics, Biases, And Consumer Litigation Funding At The Bargaining Table, Jean Xiao
Heuristics, Biases, And Consumer Litigation Funding At The Bargaining Table, Jean Xiao
Vanderbilt Law Review
Imagine three plaintiffs. The first incurred serious back injuries as a passenger in an automobile collision.' The second suffered permanent head injuries as a day laborer in a construction accident. The third experienced a debilitating asthma attack, caused by exposure to floor-cleaning chemicals at her workplace. You now have the chance to advance money to the plaintiff that you believe has the lawsuit with the highest expected value. If the selected plaintiff settles or wins at trial, then you receive the money you gave the plaintiff plus interest that approaches 200% a year. Here is the catch: if the plaintiff …